A total of 12 companies have submitted the technical bids for development of the 3,000 MW ISTS-connected solar PV project. These are:

Developer

Bid capacity (MW)

ReNew Power Limited

500

ACME Solar Holding Private Limited

600

Adani Green Energy

300

Azure Power

300

Mahindra Group

250

Sprng Energy Private Limited

250

Tata Power Solar Systems Limited

250

Hero Future Energies Limited

250

ACB India Limited

200

Canadian Solar Inc.

200

Mytrah Energy Limited

200

SBG Cleantech

1,800

With this, the tender issued by SECI in February 2018 has been oversubscribed by an aggregate capacity of 2.1 GW. The bids have been invited on public-private partnership (PPP) model on BOO basis. SECI has been designated as trader for purchase and sale of wind power generated under the scheme. It is expected to enter PPA with the solar power developers for a period of 25 years. The financial bids for the same are yet to be opened